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Debt funds see net outflows of INR 1.27 tln in December, AMFI data shows
This story was originally published at 15:42 IST on 9 January 2025
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--AMFI: MF industry Dec net outflows at INR 803.55 bln
--AMFI: MF industry AUM at INR 66.93 tln as on Dec 31, dn 1.7% on month
--AMFI: Open-ended debt funds Dec net outflows at INR 1.27 tln
--AMFI: Open-ended debt funds AUM at INR 15.67 tln as on Dec 31, dn 7% on month
--AMFI: Open-ended equity funds Dec net inflows at INR 411.56 bln
--AMFI: Open-ended equity funds AUM at INR 30.58 tln Dec 31, up 0.7% on mo
--AMFI: Open-ended hybrid funds AUM at INR 8.77 tln as on Dec 31, flat on month
--AMFI: Open-ended hybrid funds Dec net inflows at INR 43.70 bln
--AMFI: Liquid fund Dec net outflows at INR 665.32 bln
--AMFI: Overnight fund Dec net outflows at INR 223.48 bln
--AMFI: Sectoral, thematic funds Dec net inflows at INR 153.32 bln
--AMFI: Multi Asset Allocation funds Dec net inflows at INR 25.75 bln
--AMFI: Arbitrage funds Dec net outflows at INR 4.09 bln
--AMFI: Index funds see net inflows of INR 47.86 bln in Dec
--AMFI: Gold ETFs see net inflows of INR 6.40 bln in Dec
--AMFI: Other-than-gold ETFs see net outflows of INR 45.58 bln in Dec
MUMBAI – Open-ended debt funds saw net outflows of INR 1.27 trillion in December as against net inflows of INR 129.16 billion reported in November, data released by the Association of Mutual Funds in India on Thursday showed. The assets under management of the debt fund category were INR 15.67 trillion as of Dec. 31, marking a fall of 7% on month.
"Generally, outflows are seen in the end of the quarter in debt schemes as people withdraw money for tax payments and to manage their capital adequacy," Venkat Chalasani, chief executive AMFI said in a conference call.
Among debt schemes, the liquid fund had the highest net outflows of INR 665.32 billion in December, contributing to overall outflows in the category. Apart from this, all the sub-category funds under debt schemes showed net outflows except medium to long duration fund, long duration fund, and gilt fund. Overnight funds saw net outflows of INR 223.48 billion in December after seeing net inflows for the past two months.
The mutual fund industry witnessed net outflows of INR 803.56 billion in December, the data showed. The assets under management fell 1.6% on month to INR 66.93 trillion as of Dec. 31.
In the case of equity oriented schemes, the category saw net inflows of INR 411.56 billion in December compared with INR 359.43 billion a month ago. The assets under management of the category stood at INR 30.58 trillion, 0.7% up on month. Chalasani said that the equity schemes continue to see inflows despite the uncertainty in the market.
Within equity schemes, sectoral or thematic funds garnered the highest net inflows of INR 153.32 billion in the reporting month, exhibiting signs that the category was again gaining traction after being in lacklustre mode in the past months. In November, the net inflows in the category were INR 76.58 billion.
The higher inflows into the sector or thematic funds were due to more number of new fund offers launched in the month. The fund houses launched 12 new fund offers in the category, which cumulatively collected INR 113.37 billion in December. The net inflows through new fund offers hold the majority portion of total net inflows in the sectoral or thematic fund.
The net inflows into the small-cap and mid-cap have been increasing in the past months, following the same trend in December as well. The net inflows into small-cap and mid-cap funds were at INR 46.68 billion and INR 50.93 billion, respectively. Comparable figures for November are INR 41.12 billion and INR 48.83 billion, respectively.
The net inflows into the hybrid schemes were INR 43.70 billion in December with multi-asset allocation funds having the maximum net inflows at INR 25.75 billion during the month. Arbitrage funds saw net outflows of INR 4.09 billion in the reporting month for the second consecutive month. The assets under management under the hybrid category remained flat on month at INR 8.77 trillion as of Dec. 31.
Index funds, which recently gained traction following the investors' shift towards passive funds, saw net inflows of INR 47.86 billion in the reporting month. The assets under management of index funds were INR 2.75 trillion as of Dec. 31. There were 12 new fund offers launched in the category, which collected INR 13.61 billion.
Gold exchange-traded funds saw net inflows of INR 6.40 billion in December, which is the lowest inflows in the last three months. Other exchange-traded funds saw net outflows of INR 45.58 billion in December.
The assets under management of the systematic investment plan were INR 13.63 trillion as on Dec. 31 compared with INR 13.54 trillion as of Nov. 30. The net inflows into the systematic investment plan were marginally higher on month to INR 264.59 billion in December compared with INR 264.59 billion in November. End
Reported by Christina Titus
Edited by Akul Nishant Akhoury
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